CoinCorner Looks To Provide Lightning Tap-To-Pay Cards In El Salvador – October 12

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $19,119

Bitcoin price is ranging around the $19,000 as the wider market anxiously awaits the latest inflation data for September.

Top-20 altcoins are also travelling somewhat sideaways, with Ethereum moving less than 1%, BNB dropping just 1% and Cardano the largest mover with a fall of 2%.

Top Stories for October 12, 2022 πŸ”₯

πŸ‘‰ CoinCorner Looks To Provide Lightning Tap-To-Pay Cards In El Salvador

Bitcoin payments company CoinCorner is looking to install NFC card readers across El Salvador, to enable tap-to-pay payments via the Lightning Network.

The system would use the new “Bolt Card”, which was launched today, in an effort to reduce the pain points associated with regular BTC payments in the country.

The Lightning Network is a layer-2 scaling solution for Bitcoin, allowing for quick and cheap payments with BTC – the opposite of what the base network currently provides.

πŸ‘‰ Microsoft Partners With Meta For Office 365 In The Metaverse

Meta Platforms has partnered with Microsoft to integrate Microsoft Office 365 products into Meta’s virtual reality.

It was announced yesterday that “Teams” video calling would integrate with Meta’s “Quest” and “Quest Pro” virtual reality headsets, allowing people to have virtual board room meetings.

Other popular applications including Word, Excel, PowerPoint and Outlook will also be available within Meta’s virtual reality.

πŸ‘‰ Solana DeFi Exchange Mango Suffers $100M Exploit

Solana decentralized finance (DeFi) derivatives platform Mango has suffered an exploit that resulted in the loss of more than $116 million, following the intentional manipulation of the MNGO token.

The attacker was able to take a position on the MNGO-PERP contract, inflated the price of their position on other exchanges, and then borrowed funds against the position which they then withdrew from the platform.